SCHD vs SCHP
Schwab US Dividend Equity ETF vs Schwab US TIPs ETF
Quick Verdict
SCHP has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | SCHD | SCHP | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.03% | |
| AUM | $108.7B | $16.3B | |
| Dividend Yield | 3.13% | 4.51% | |
| Holdings | 104 | 49 | |
| YTD Return | +27.93% | +0.79% | |
| 1Y Return | +30.06% | +1.05% | |
| 3Y Return (annualized) | +16.25% | +4.04% | |
| 5Y Return (annualized) | +10.03% | +0.31% | |
| Volatility (annualized) | 13.6% | 5.0% | |
| Max Drawdown | -33.4% | -14.3% | |
| Fund Family | Charles Schwab Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Aug 5, 2010 |
SCHD vs SCHP Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Schwab US TIPs ETF (SCHP) is a ETF from Charles Schwab Asset Management. Over the past year SCHD returned +30.06% while SCHP returned +1.05%. Year to date, SCHD is up 27.93% versus a gain of 0.79% for SCHP.
Over three years, SCHD compounded at +16.25% per year against +4.04% for SCHP; over five years the annualized figures are +10.03% and +0.31% respectively. Across the full 15-year window we track, SCHD has the edge at +11.56% annualized vs +1.72%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.0% for SCHP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.4% for SCHD and -14.3% for SCHP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SCHP charges 0.03%. On a $10,000 position that is $6 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 4.51% for SCHP.
Holdings Overlap
SCHD and SCHP share 0 holdings out of 143 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SCHP?
SCHD has an expense ratio of 0.06% while SCHP charges 0.03%. SCHP is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, SCHD or SCHP?
Over the past year SCHD returned +30.06% vs +1.05% for SCHP, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.56% vs +1.72% for SCHP. Past performance does not guarantee future results.
Which is riskier, SCHD or SCHP?
SCHD has been the more volatile fund at 13.6% annualized versus 5.0% for SCHP. Worst drawdown: SCHD -33.4% vs SCHP -14.3%.
Should I hold both SCHD and SCHP?
SCHD and SCHP have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SCHP?
SCHD and SCHP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 143 unique securities.
Which pays a higher dividend, SCHD or SCHP?
SCHD yields 3.13% while SCHP yields 4.51%, so SCHP currently pays the higher dividend yield.
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